kermie
Member of DD Central
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Post by kermie on Nov 21, 2015 23:27:35 GMT
I've just logged in to find the vast majority of loans that I had for sale (mostly 60+) have been removed from the market. This was maybe after about 2 weeks. Is this normal? I don't recall ever having any loans automatically de-listed from the SM before.
I know I didn't remove them myself (I would have remembered how tedious it is to find them and de-list them).
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james
Posts: 2,205
Likes: 955
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Post by james on Nov 22, 2015 4:25:40 GMT
They have historically all been automatically removed after 30 days. Bondora support told someone that they were going to try to do something about the speed of the secondary market, which they attributed to the number of loans for sale. Given the site update last week it is possible that they have attempted to address this by reducing the time until loan parts are automatically removed from sale. Just speculation, I don't have any parts for sale that were listed long enough ago to be affected.
If they have reduced it to two weeks it doesn't seem unreasonable. If an offer is going to be accepted it usually will be accepted within that timeframe, though I haven't checked the data dump to do any statistical analysis of what percentage of offers are sold after a longer time than that.
Bookmarks in your browser are the way to go to make it relatively easy to find loans on the secondary market. I normally have mine in groups based on reason for selling, level of discount or just when I put up a batch for sale if there's nothing else special about them. Five to ten shortcuts in a batch can be opened without too much pain, do more than that and you may actually cause the site to run slowly as well as having our own attempts to open the bookmarks fail either fully or partially. How many you can do depends on the time of day. It's much easier at night than it is during the business day.
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james
Posts: 2,205
Likes: 955
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Post by james on Nov 22, 2015 10:52:48 GMT
I checked the time to sell with the full 38 October 2015 datasets 1,227,754 offers.
354,307 had status Failed and time between start and end had mean 27.26 days, most were 29 and a bit. The system removals, all of them, I assume.
624,907 had status Cancelled and time between start and end had mean 3.36 days. Human cancelling.
248,543 had status Succeeded and time between start and end had mean 5.12 days. Actual sales/purchases.
Looking at the successful ones in more detail, the counts are from the days value given to just below the next number, that is, 0 to just under 1, 1 to just under 2 etc.:
count days percent by week
122156 0 49.15 73.74
19982 1 8.04
11283 2 4.54
9081 3 3.65
7859 4 3.16
6816 5 2.74
6105 6 2.46
5587 7 2.25 12.00
4863 8 1.96
4409 9 1.77
4215 10 1.70
3738 11 1.50
3601 12 1.45
3416 13 1.37
3268 14 1.31 7.59
2980 15 1.20
2652 16 1.07
2544 17 1.02
2496 18 1.00
2452 19 0.99
2483 20 1.00
2259 21 0.91 5.61
2034 22 0.82
2067 23 0.83
1926 24 0.77
1866 25 0.75
1894 26 0.76
1899 27 0.76
1744 28 0.70
867 29 0.35
So 85% of all successful sales happened within two weeks of the offer to sell being made and almost half were in the first day.
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